Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for RAYTHEON TECHNOLOGIES CORP (RTX) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. RTX was recently trading at $64.11 and has an implied volatility of 33.76% for this period. Based on an analysis of the options available for RTX expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $63.64-$73.56 at expiration. In this scenario, the average linear return for the trade would be 74.13%. Big 9.47% Change: After closing the last trading session at $58.56, RAYTHEON TECHNOLOGIES CORP opened today at $65.12 and has reached a high of $66.39. Trade approach: A movement as big as 9.47% is a significantly bullish indicator, so this trade is designed to be profitable if RTX maintains its current direction and does not revert back to pricing on the bearish side of $64.11 on 15-Jan-2021. If possible, the trade has been padded such that slight movement against the trade would still return a profit. Upside potential: Using this bullish strategy, the trade would be profitable if RAYTHEON TECHNOLOGIES CORP closes at or above $62.80 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 53.65% likelihood of this return. Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment. To analyze this trade in depth, please visit the Quantcha Options Search Engine.